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Update news wage policies
Vietnam announces VND7.6 million average monthly wage for workers in Q1/2024
The average monthly income of workers in Vietnam has risen to 7.6 million VND in the first quarter of 2024, an increase of 301,000 VND from the fourth quarter of 2023 and 549,000 VND compared to the same period last year.
Council proposes 6% increase in regional minimum wage from July 1
The National Wage Council has proposed to the Government a 6% increase in the regional minimum wage, equivalent to 238,000 VND per month on average, starting from July 1.
Regional minimum wage increase gives push for development
On December 20, the National Wage Council finalized a plan on 60 percent regional minimum wage increase to submit to the government.
PM: VND560 trillion arranged, enough for wage reform for 3 years
Thanks to increased collections and expense savings, the government has set aside a wage fund of VND560 trillion, ensuring enough resources for wage reform to be carried out in 2024-2026.
State workers hope for minimum wage reform
Vietnam is set to implement a new salary regime for the public sector from July 1 next year.
Regional minimum wage may increase in 2024: official
Members of the National Wage Council agreed to propose increasing the regional minimum wage in 2024 at the council’s first meeting in 2023 on August 9.
Retirees get low pensions after paying social insurance premiums for 30 years
Many retired employees complain they only receive VND2.5-3 million a month in pensions though they paid social insurance premiums for 30 years of working.
Wage policies must conform to the realities of life
VietNamNet Bridge – Bui Sy Loi, Vice Chairman of the National Assembly Committee on Social Affairs spoke to Thoi bao Kinh te Viet Nam (Viet Nam Economic Times) about changes to the 2012 Labour Code.
